The province of Quezon has just been adjudged by the National Economic Development Authority (NEDA) as having the fastest economic growth in Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon) region.
And for that an P8-billion steel plant will rise in a 32 hectare property in Candelaria, Quezon. The groundbreaking for the plant of Steel Asia was held at Barangay Malabanban Sur.
Quezon Gov. David Suarez said the steel plant was the result of a chance meeting in December 2018 with Yao, whose family is from Lucban, Quezon.
The governor is hoping that could be the start of the industrialization in the Quezon province.
Benjamin Yao, Steel Asia CEO and chairman, the plant will be the first in the country to manufacture wire rods and wire mesh. He added that currently, the country imports wire rods needed in making paper clips, staple wires, and screws.
The Steel Asia CEO, assures that Steel Asia will hire more than 15,000 construction workers and office staff, and priority will be given to Quezon residents.
The plant “will create many business opportunities to support the operation. Itxxxxxxxxxxxxxs will be formed by Candelaria’s entrepreneurs – whom one day maybe global exporters.” Yao added.
The plant is expected to be operational in two years, Yao said.
Report from MB